GATTULA LAKSHMI MADHAVI,VISAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, the appeal filed by the assessee in ITA

Bench: Shri Manjunatha G. & Shri Ravish Soodआ.अपी.सं /Ita No.385, 386 & 387/Viz/2025 ("नधा"रण वष"/Assessment Year: 2018-19) Gattula Lakshmi Madhavi, Vs. Assistant Commissioner Visakhapatnam. Of Income Tax, Pan: Agfpg8929H Central Circle-1, Visakhapatnam. (Appellant) (Respondent) "नधा"रती "वारा/Assessee By: Shri Gvn Hari, Advocate (Hybrid) राज" व "वारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई क" तार"ख/Date Of 15/10/2025 Hearing: घोषणा क" तार"ख/Date Of 10/12/2025 Pronouncement: आदेश / Order Per Ravish Sood, Jm: The Captioned Appeals Filed By The Assessee Are Against The Respective Orders Passed By The Commissioner Of Income Tax (Appeals), Visakhapatnam-3, Dated 21/03/2025, 24/03/2025 & 16/04/2025, Which In Turn Arises From The Respective Orders Passed By The Assessing Officer (For Short, “Ao”) Under Section 147 Of The Income Gattula Lakshmi Madhavi Vs. Acit Tax Act, 1961 (For Short, "The Act”), Dated 27/03/2023; Under Section 271Aac(1) Of The Act, Dated 21/08/2023; & Under Section 270A Of The Act, Dated 21/08/2023 For Assessment Year 2018-19. As The Facts Involved In The Captioned Appeals Are Inextricably Interwoven, Therefore, The Same Are Being Taken Up & Disposed Of Vide A Consolidated Order.

3. It is apparent that the impugned notice dated 5 April, 2022 issued under Section 148 of the Act and the order of the same date under Section 148A(d) of the Act are issued by the Jurisdictional Assessing Officer ("JAO") and not under the mandatory faceless mechanism as per the provisions of Section 151A

GATTULA LAKSHMI MADHAVI,VISAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, the appeal filed by the assessee in ITA

Bench: Shri Manjunatha G. & Shri Ravish Soodआ.अपी.सं /Ita No.385, 386 & 387/Viz/2025 ("नधा"रण वष"/Assessment Year: 2018-19) Gattula Lakshmi Madhavi, Vs. Assistant Commissioner Visakhapatnam. Of Income Tax, Pan: Agfpg8929H Central Circle-1, Visakhapatnam. (Appellant) (Respondent) "नधा"रती "वारा/Assessee By: Shri Gvn Hari, Advocate (Hybrid) राज" व "वारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई क" तार"ख/Date Of 15/10/2025 Hearing: घोषणा क" तार"ख/Date Of 10/12/2025 Pronouncement: आदेश / Order Per Ravish Sood, Jm: The Captioned Appeals Filed By The Assessee Are Against The Respective Orders Passed By The Commissioner Of Income Tax (Appeals), Visakhapatnam-3, Dated 21/03/2025, 24/03/2025 & 16/04/2025, Which In Turn Arises From The Respective Orders Passed By The Assessing Officer (For Short, “Ao”) Under Section 147 Of The Income Gattula Lakshmi Madhavi Vs. Acit Tax Act, 1961 (For Short, "The Act”), Dated 27/03/2023; Under Section 271Aac(1) Of The Act, Dated 21/08/2023; & Under Section 270A Of The Act, Dated 21/08/2023 For Assessment Year 2018-19. As The Facts Involved In The Captioned Appeals Are Inextricably Interwoven, Therefore, The Same Are Being Taken Up & Disposed Of Vide A Consolidated Order.

3. It is apparent that the impugned notice dated 5 April, 2022 issued under Section 148 of the Act and the order of the same date under Section 148A(d) of the Act are issued by the Jurisdictional Assessing Officer ("JAO") and not under the mandatory faceless mechanism as per the provisions of Section 151A

GO IRON MARKETING,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD 3(3), VISHAKAPATNAM

In the result, the appeal filed by the assessee firm is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.483/Viz/2025 (िनधा"रण वष"/Assessment Year:2018-19) Go Iron Marketing, Vs. Income Tax Officer, Visakhapatnam. Ward-3(3), Pan: Aanfg6474D Visakhapatnam. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Mrs. K. Hemalatha, Ca (Hybrid Hearing) राज" व "ारा/Revenue By: Shri Badicala Yadagiri, Cit-Dr सुनवाई की तारीख/Date Of 03/11/2025 Hearing: घोषणा की तारीख/Date Of 05/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm: The Present Appeal Filed By The Assessee Firm Is Directed Against The Order Passed By The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, Dated 26/07/2025 Which In Turn Arises From The Order Passed By The Assessing Officer (For Short, “Ao”) Under Section 147 R.W.S 144 Of The Income-Tax Act, 1961 (For Short, “The Act”), Dated 01/02/2024 For The Assessment Year 2018-19. The 2 Go Iron Marketing Vs. Ito

3. It is apparent that the impugned notice dated 5 April, 2022 issued under Section 148 of the Act and the order of the same date under Section 148A(d) of the Act are issued by the Jurisdictional Assessing Officer ("JAO") and not under the mandatory faceless mechanism as per the provisions of Section 151A

VIKRAM BRAHMENDRA SATYAJIT MULPURI,KRISHNA DIST vs. INCOME TAX OFFICER, WARD-3(1), VIJAYAWADA

In the result, the appeal filed by the assessee is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.534/Viz/2025 (िनधा"रण वष"/Assessment Year: 2020-21) Vikram Brahmendra Satyajit Vs. Income Tax Officer, Mulpuri, Ward-3(1), Krishna District. Vijayawada. Pan: Aonpm1893G (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri C. Subrahmanyam, Ca राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 02/12/2025 Hearing: घोषणा की तारीख/Date Of 19/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm:

3. It is apparent that the impugned notice dated 5 April, 2022 issued under Section 148 of the Act and the order of the same date under Section 148A(d) of the Act are issued by the Jurisdictional Assessing Officer ("JAO") and not under the mandatory faceless mechanism as per the provisions of Section 151A

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 3(1), VISAKHAPATNAM vs. DODDI ROOPA, VISAKHAPATNAM

In the result, the appeal filed by the revenue is dismissed in terms of our aforesaid observations

Bench: Shri Manjunatha G. & Shri Ravish Soodआ.अपी.सं /Ita No.413/Viz/2024 (िनधा"रण वष"/Assessment Year: 2019-20) Deputy Commissioner Of Vs. Smt. Doddi Roopa, Income Tax, Visakhapatnam. Circle-3(1), Visakhapatnam. Pan: Atfpr7237N (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Gvn Hari, Advocate राज" व "ारा/Revenue By: Shri Badicala Yadagiri, Cit-Dr सुनवाई की तारीख/Date Of Hearing: 15/10/2025 घोषणा की तारीख/Date Of 10/12/2025 Pronouncement:

reassessment or recomputation under Section 147 of the Act and inapplicable to the issuance of notice under Section 148 of the Act. The Scheme is clearly applicable for issuance of notice under Section 148 of the Act and accordingly, it is only the FAO which can issue the notice under Section

VENKATA RAMANA GODA,VISAKHAPATNAM vs. ASSISSTANT COMMISSIONER OF INCOME TAX, CIRCLE-3(1), VISAKHAPATNAM

In the result, the appeal filed by the assessee is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.489/Viz/2025 (िनधा"रण वष"/Assessment Year: 2020-21) Venkata Ramana Goda, Vs. Assistant Commissioner Visakhapatnam. Of Income Tax, Circle-3(1), Pan: Abzpg3216A Visakhapatnam. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Mrs. K. Hemalatha, Ca राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 17/11/2025 Hearing: घोषणा की तारीख/Date Of 05/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm: The Present Appeal Filed By The Assessee Is Directed Against The Order Of The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, Dated 06/08/2025, Which In Turn Arises From The Order Passed By The Assessing Officer Under Section 147 R.W.S 144B Of The Income Tax Act, 1961 (For Short, “The Act”), Dated 08/03/2025. The 2 Venkata Ramana Goda Vs. Acit

3. It is apparent that the impugned notice dated 5 April, 2022 issued under Section 148 of the Act and the order of the same date under Section 148A(d) of the Act are issued by the Jurisdictional Assessing Officer ("JAO") and not under the 23 Venkata Ramana Goda vs. ACIT mandatory faceless mechanism as per the provisions of Section

SATYANARAYANA KODURU,KRISHNA DIST vs. INCOME TAX OFFICER, WARD-1, GUDIWADA

In the result, the appeal filed by the assessee is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.491/Viz/2025 (िनधा"रण वष"/Assessment Year: 2016-17) Satyanarayana Koduru, Vs. Income Tax Officer, Krishna District. Ward-1, Pan:Altpk1048C Gudiwada. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri C. Subrahmanyam, Ca राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 02/12/2025 Hearing: घोषणा की तारीख/Date Of 05/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm :

3. It is apparent that the impugned notice dated 5 April, 2022 issued under Section 148 of the Act and the order of the same date under Section 148A(d) of the Act are issued by the Jurisdictional Assessing Officer ("JAO") and not under the mandatory faceless mechanism as per the provisions of Section 151A

NO 368 KOLAKALURU PRIMARY AGRICULTURAL CO OPERATIVE CREDIT SOCIETY LIMITED,GUNTUR vs. INCOME TAX OFFICER, WARD-1, TENALI

In the result, the appeal filed by the assessee society is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.456/Viz/2025 (िनधा"रण वष"/Assessment Year:2019-20) No.368 Kolakaluru Primary Vs. Income Tax Officer, Agricultural Cooperative Ward-1, Credit Society Limited, Tenali. Tenali. Pan: Aaban6994Q (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri Gvn Hari, Advocate राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 04/11/2025 Hearing: घोषणा की तारीख/Date Of 05/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm: The Present Appeal Filed By The Assessee Society Is Directed Against The Order Passed By The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, Dated 08/07/2025, Which In Turn Arises From The Order Passed By The Assessing Officer Under Section 147 R.W Section 144B Of The Income Tax Act, 1961 (For Short, “The Act”), Dated

3. It is apparent that the impugned notice dated 5 April, 2022 issued under Section 148 of the Act and the order of the same date under Section 148A(d) of the Act are issued by the Jurisdictional Assessing Officer ("JAO") and not under the mandatory faceless mechanism as per the provisions of Section 151A

DEPUTY COMMISSIONER OF INCOME TAX (IT), VISAKHAPATNAM vs. SHRI APPARAO MUKKAMALA, USA

In the result, the appeal filed by the revenue is dismissed, while for the cross-objection filed by the assessee is allowed

Bench: SHRI RAVISH SOOD, HON’BLE (Judicial Member), SHRI BALAKRISHNAN. S, HON’BLE (Accountant Member)

3) the Section 153C shall not apply to the search or requisition made on or after 01.04.2021. 20. Section 153D provides that no order of assessment or reassessment shall be passed by the Officer below the rank of Joint Commissioner except with the prior approval of the Joint Commissioner. Proviso precludes the application of Section in cases where assessment

DCIT, CIRCLE-2(1), VIJAYAWADA vs. EFFTRONICS SYSTEMS PRIVATE LIMITED., VIJAYAWADA

In the result, the appeal of the revenue is dismissed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

3 ITA Nos.61, 62 & 63/Vizag/2017 ; CO Nos. 31, 32&33/Vizag/2017, ITA 551/Vizag/2017 & CO 6/Vizag2018 assessee are the articles mentioned in eleventh schedule, hence reopened the assessment u/s 147 by issue of notice u/s 148 of the I.T. Act. During the reassessment proceedings the assessee argued that the 11 schedule has no reference in Section 35

THE DEPUTY. CIT,, VIJAYAWADA vs. M/S. EFFTRONICS SYSTEMS PRIVATE LIMITED,, VIJAYAWADA

In the result, the appeal of the revenue is dismissed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

3 ITA Nos.61, 62 & 63/Vizag/2017 ; CO Nos. 31, 32&33/Vizag/2017, ITA 551/Vizag/2017 & CO 6/Vizag2018 assessee are the articles mentioned in eleventh schedule, hence reopened the assessment u/s 147 by issue of notice u/s 148 of the I.T. Act. During the reassessment proceedings the assessee argued that the 11 schedule has no reference in Section 35

THE DEPUTY. CIT,, VIJAYAWADA vs. M/S. EFFTRONICS SYSTEMS PRIVATE LIMITED,, VIJAYAWADA

In the result, the appeal of the revenue is dismissed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

3 ITA Nos.61, 62 & 63/Vizag/2017 ; CO Nos. 31, 32&33/Vizag/2017, ITA 551/Vizag/2017 & CO 6/Vizag2018 assessee are the articles mentioned in eleventh schedule, hence reopened the assessment u/s 147 by issue of notice u/s 148 of the I.T. Act. During the reassessment proceedings the assessee argued that the 11 schedule has no reference in Section 35

THE DEPUTY. CIT,, VIJAYAWADA vs. M/S. EFFTRONICS SYSTEMS PRIVATE LIMITED,, VIJAYAWADA

In the result, the appeal of the revenue is dismissed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

3 ITA Nos.61, 62 & 63/Vizag/2017 ; CO Nos. 31, 32&33/Vizag/2017, ITA 551/Vizag/2017 & CO 6/Vizag2018 assessee are the articles mentioned in eleventh schedule, hence reopened the assessment u/s 147 by issue of notice u/s 148 of the I.T. Act. During the reassessment proceedings the assessee argued that the 11 schedule has no reference in Section 35

GMEDAPADU PACS,EAST GODAVARI vs. ITO, WARD-1, KAKINADA

Bench: Shri Manjunatha G. & Shri Ravish Soodआ.अपी.सं /Ita No.573/Viz/2025 (निर्धारण वर्ा/Assessment Year:2018-19) Gmedapadu Pacs, Vs. Income Tax Officer, East Godavari District, Ward-1, Andhra Pradesh. Kakinada. Pan: Aaaag8455A (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Sri Kss Sarma, Ca रधजस् व द्वधरध/Revenue By: Dr. Aparna Villuri, Sr. Ar सुिवधई की तधरीख/Date Of Hearing: 16/10/2025 घोर्णध की तधरीख/Date Of 19/11/2025 Pronouncement: आदेश / Order Per. Ravish Sood, J.M: The Present Appeal Filed By The Assessee Society Is Directed Against The Order Passed By The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, Dated 18/08/2025, Which In Turn Arises From The Order Passed By The Assessing Officer Under Section 143(3) Of The Income Tax Act, 1961 (For Short, “The Act”), Dated 10/02/2021 For Ay 2018-19. The Assessee Society Has Assailed The Impugned Order Passed By The Ao On The Following Grounds Of Appeal:

reassessment. Furthermore, the appellant was aware of the scrutiny issue and was provided an opportunity to file responses and documents during assessment proceedings. The appellant’s claim that no reasons were communicated does not hold, as the issue under examination itself involved verifying the allowability of the deduction under section 80P, and the appellant had the opportunity to justify

ARRDY ENGINEERING INNOVATIONS PVT LTD,ODISHA vs. ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE-1(1), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos.307 & 308/Viz/2023 (निर्धारण वर्ा/ Assessment Years: 2012-13 & 2013-14) M/S. Arrdy Engineering Innovations (P.) Ltd., V. Asst. Cit – Circle – 1(1) Bb-8 Area 7 & 8 Income Tax Office Civil Township, Rourkela – 769004 Direct Tax Building, Mvp Colony Visakhapatnam – 530017 Odisha Andhra Pradesh [Pan: Aabca4800A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

3 I.T.A.Nos.307 & 308/VIZ/2023 M/s. Arrdy Engineering Innovations (P.) Ltd., loan to the amount received from DSIR in order to claim excess deduction under section 35(2AB) of the Act. 5. Being aggrieved by the order of the Ld. CIT(A), assessee is in appeal before us by raising following grounds of appeal: - “1. The order of the learned Commissioner

AARDY ENGINEERING INNOVATION PVT LTD,ODISHA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos.307 & 308/Viz/2023 (निर्धारण वर्ा/ Assessment Years: 2012-13 & 2013-14) M/S. Arrdy Engineering Innovations (P.) Ltd., V. Asst. Cit – Circle – 1(1) Bb-8 Area 7 & 8 Income Tax Office Civil Township, Rourkela – 769004 Direct Tax Building, Mvp Colony Visakhapatnam – 530017 Odisha Andhra Pradesh [Pan: Aabca4800A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

3 I.T.A.Nos.307 & 308/VIZ/2023 M/s. Arrdy Engineering Innovations (P.) Ltd., loan to the amount received from DSIR in order to claim excess deduction under section 35(2AB) of the Act. 5. Being aggrieved by the order of the Ld. CIT(A), assessee is in appeal before us by raising following grounds of appeal: - “1. The order of the learned Commissioner

CHAPARALA BABU RAO, REP. SRI G. HARI PRASAD,,VISAKHAPATNAM vs. INCOME TAX OFFICER (INTERNATIONAL TAXATION), VISAKHAPATNAM

In the result, appeals of the assessee are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.175/Viz/2017 (धििाारण िर्ा/Assessment Year:2007-08) Chaparala Babu Rao Vs. Dy.Director Of Income Tax 7-17-1, Main Road (It&Tp) Kirlampudi Layout Visakhapatnam Visakhapatnam [Pan : Adcpc4435G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकरअपीलसं./I.T.A.Nos.180-182/Viz/2018 (धििाारणिर्ा/Assessment Year:2007-08) Chaparala Babu Rao Vs. Income Tax Officer Rep.Assessee Of (International Taxation) (I) Sri K.Vemlata Rao Visakhapatnam (Ii) Sri G.Hari Prasad (Iii) Smt.S.Sailaja Naidu D.No.10-50-19, 4Th Floor “Soudamani” Siripuram Visakhapatnam (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) राजस्व की ओर से/ Revenue By : Smt. Suman Malik, Dr निर्ााररती की ओर से/Assessee By : Shri C.V.S.Murthy, Ar सुिवाई की तारीख / Date Of Hearing : 26.11.2018 28.11.2018 घोषणा की तारीख/Date Of Pronouncement :

35,730 1/3 Hari Prasad 5 I.T.A. Nos.175/Viz/2017 and I.T.A. Nos.180-182-Viz-2018 Chaparala Babu Rao, Visakhapatnam Accordingly, the AO issued notice u/s 148 on 29.03.2014 and completed the assessment u/s 143(3) taxing the resultant short term capital gains in the hands of the assessee, Shri Chaparala Babu Rao. 6. Aggrieved by the order, the assessee went on appeal before

CHAPARALA BABU RAO, REP. OF S. SAILAJA NAIDU,,VISAKHAPATNAM vs. INCOME TAX OFFICER (INTERNATIONAL TAXATION), VISAKHAPATNAM

In the result, appeals of the assessee are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.175/Viz/2017 (धििाारण िर्ा/Assessment Year:2007-08) Chaparala Babu Rao Vs. Dy.Director Of Income Tax 7-17-1, Main Road (It&Tp) Kirlampudi Layout Visakhapatnam Visakhapatnam [Pan : Adcpc4435G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकरअपीलसं./I.T.A.Nos.180-182/Viz/2018 (धििाारणिर्ा/Assessment Year:2007-08) Chaparala Babu Rao Vs. Income Tax Officer Rep.Assessee Of (International Taxation) (I) Sri K.Vemlata Rao Visakhapatnam (Ii) Sri G.Hari Prasad (Iii) Smt.S.Sailaja Naidu D.No.10-50-19, 4Th Floor “Soudamani” Siripuram Visakhapatnam (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) राजस्व की ओर से/ Revenue By : Smt. Suman Malik, Dr निर्ााररती की ओर से/Assessee By : Shri C.V.S.Murthy, Ar सुिवाई की तारीख / Date Of Hearing : 26.11.2018 28.11.2018 घोषणा की तारीख/Date Of Pronouncement :

35,730 1/3 Hari Prasad 5 I.T.A. Nos.175/Viz/2017 and I.T.A. Nos.180-182-Viz-2018 Chaparala Babu Rao, Visakhapatnam Accordingly, the AO issued notice u/s 148 on 29.03.2014 and completed the assessment u/s 143(3) taxing the resultant short term capital gains in the hands of the assessee, Shri Chaparala Babu Rao. 6. Aggrieved by the order, the assessee went on appeal before

CHAPARALA BABU RAO, REP. OF K. VEMLATA RAO,VISAKHAPATNAM vs. INCOME TAX OFFICER (INTERNATIONAL TAXATION), VISAKHAPATNAM

In the result, appeals of the assessee are allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.175/Viz/2017 (धििाारण िर्ा/Assessment Year:2007-08) Chaparala Babu Rao Vs. Dy.Director Of Income Tax 7-17-1, Main Road (It&Tp) Kirlampudi Layout Visakhapatnam Visakhapatnam [Pan : Adcpc4435G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकरअपीलसं./I.T.A.Nos.180-182/Viz/2018 (धििाारणिर्ा/Assessment Year:2007-08) Chaparala Babu Rao Vs. Income Tax Officer Rep.Assessee Of (International Taxation) (I) Sri K.Vemlata Rao Visakhapatnam (Ii) Sri G.Hari Prasad (Iii) Smt.S.Sailaja Naidu D.No.10-50-19, 4Th Floor “Soudamani” Siripuram Visakhapatnam (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) राजस्व की ओर से/ Revenue By : Smt. Suman Malik, Dr निर्ााररती की ओर से/Assessee By : Shri C.V.S.Murthy, Ar सुिवाई की तारीख / Date Of Hearing : 26.11.2018 28.11.2018 घोषणा की तारीख/Date Of Pronouncement :

35,730 1/3 Hari Prasad 5 I.T.A. Nos.175/Viz/2017 and I.T.A. Nos.180-182-Viz-2018 Chaparala Babu Rao, Visakhapatnam Accordingly, the AO issued notice u/s 148 on 29.03.2014 and completed the assessment u/s 143(3) taxing the resultant short term capital gains in the hands of the assessee, Shri Chaparala Babu Rao. 6. Aggrieved by the order, the assessee went on appeal before